by admin | Feb 18, 2013 | Uncategorized
Property: Office Buildings in Michigan and Illinois Loan Balance: $95 million Problem: The loan on this property was originated in 2006. The current value of the properties was approximately half the loan amount. It was unlikely that the value...
by admin | Feb 18, 2013 | Uncategorized
Property: Retail Center in California Loan Balance: $27 million Problem: The grocery anchor in this retail center went dark. The current value of the property was $12 million and it was likely that the value would recover by maturity date in...
by admin | Feb 18, 2013 | Deals
Property: Retail Center in Arizona Loan Balance: $47 million Problem: Large vacancies put this borrower’s loan at risk. The loan was originated in 2007, and the current value of the property was $18 million. There was some likelihood that...
by admin | Feb 18, 2013 | Uncategorized
Property: Office Loan Balance: $11MM Problem: The loan was originated in 2005 with a 7 year term and a maturity date of 3/2012. The current value of the property was significantly less than the loan amount and consequently, the borrower was not...
by admin | Feb 18, 2013 | Uncategorized
Property: Industrial Building in California Loan Balance: $11.5 million Problem: The loan on this property was originated in 2007. Cash flow suffered due to market rents and a high amount of vacancies. The current value of the property was...
